You are making it sound like they were winning national titles recently. The last time they won one Joe Paterno most likely wasn't born yet. The last time they where in the discussion for a title, Babe Ruth was still a Yankee.
I remember a game in the early 1970's against Colgate where at most there were 12k people in the stands (I was one of them). That program talks like they were a major player throughout the last century but the truth is while they had a stray season here and there where they were ranked (1968, 1972 or 1973, I don't remember which and ~ 1977), their team wasn't capable of surviving a game against another ranked opponent, much less a season against some real competition. At no point since WWII did they have more than a player or two who could start on a decent (legitimate major) team and 80% of their roster wouldn't make the cut at a real football school. It was during the depression that they stopped playing teams from outside of the northeast because they found out that many of those schools took football a bit more seriously than they did (which led to Yale leading a campaign knocking the football factories of the midwest and south).